Wanda Group denies 'rumors' of bond dumping

Updated 2017-06-22 15:54:36 Ecns.cn

(ECNS) -- Chinese conglomerate Dalian Wanda Group Co, controlled by billionaire Wang Jianlin, said it was operating normally after shares and bonds in some of its units plunged sharply on Thursday.

In a statement, Wanda called reports that some Chinese banks were ordered to sell its bonds "malicious speculation."

China Construction Bank and other banks had never issued such a notice and the online speculation is rumor, according to the statement.

Shares in Wanda Film Holding Co fell 9.87 percent before they were suspended on the Shenzhen Bourse. Wanda Properties International Co.'s 2024 notes plunged 9 percent from 2 to 101.9 percent during morning trading.

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